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Milestone Venture Partners CERTIFIED

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FIRM OVERVIEW: Medium Private VC founded in 2001 based out of New York, USA (US East)

FIRM DESCRIPTION: Milestone Venture Partners, located in New York City, is an early-stage venture capital fund with $70 million under management. Milestone�s investment strategy is focused on capital-efficient, technology-enhanced services businesses in the Greater New York region. Areas of expertise include media, marketing services, healthcare IT, and financial services IT.

I like these guys. I had a few run ins with them, pitched and didn't get a term sheet, but the process wasn't a waste of time and I consider them friends still in the business. I think perhaps they could be a little too focused on their own "thesis" and not as open to changing that line of thinking when they hear new models from entrepreneurs that have domain experience. But I do think they are honest people and can give you a quick answer about their interest level.

Posted by
dlenihan
on 2008-10-14

PUBLIC:

I closed a healthcare IT financing with Milestone leading the six vc syndicate. They took their sweet time to ensure that we had real business, but gave us a fully satisfactory valuation. Richard Dumler sat on our board and was helpful during good times and bad (there were both), but was exceptionally helpful assisting in selection of bankers and the ultimate highly successful sale of our company. It will take time to get into bed with Milestone, but once you do, you have a true partner in your success.

Posted by
startuprehab
on 2008-06-09

PUBLIC:

Generally a very good, accessible group of partners that take a genuine interest in entrepreneurs.

However, their fund is so small that they can only take $1.5 mm max in any round, and they tend to follow rather than lead. So, these guys will often end up playing a consultant role and trying to sneak in on a round, rather than being the VC that will lead and drive things.

They also seem to analyze things ad-infinitum among the partners.

Probably a better group to call once you've got your lead in place and are looking to syndicate the rest of the round.

Posted by
dantinpa
on 2007-09-17

PUBLIC:

I closed a deal with them and got to know all the partners - who were each helpful and supportive. They have a lot of good contacts and they were able to bring to the table as well. Did not sense a particular depth in any specific market - but a good overall sense of several markets.

Posted by
orca
on 2007-03-21

PUBLIC:

They skimmed our biz plan, sent it off to a consultant in a wholly different industry (sort of like a TV industy expert evaluating a movie industry plan). He told them plan would not work. So they invited me to take the four hour trip to meet them. Very cordial but had wrong partner at meeting (one without relevant domain knowledge and not the partner they promised would be there). After 10 minutes, revealed consultant's comments, refused to put me in contact with him, and bade me farewell.